Wesco Intl (WCC) Shareholder Peconic Partners Lowered Its Position; Haverford Trust Company Trimmed Oracle Sys (ORCL) Position by $634,500; Valuation Declined

May 22, 2018 - By Darrin Black

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William Harnisch decreased its stake in Wesco Intl Inc (WCC) by 50.85% based on its latest 2017Q4 regulatory filing with the SEC. Peconic Partners Llc sold 163,124 shares as the company’s stock declined 6.71% with the market. The hedge fund run by William Harnisch held 157,700 shares of the consumer non-durables company at the end of 2017Q4, valued at $10.75M, down from 320,824 at the end of the previous reported quarter. Peconic Partners Llc who had been investing in Wesco Intl Inc for a number of months, seems to be less bullish one the $2.85 billion market cap company. The stock increased 0.08% or $0.05 during the last trading session, reaching $60.6. About 54,042 shares traded. WESCO International, Inc. (NYSE:WCC) has declined 10.64% since May 22, 2017 and is downtrending. It has underperformed by 22.19% the S&P500.

Haverford Trust Company decreased its stake in Oracle Sys Corp (ORCL) by 0.92% based on its latest 2017Q4 regulatory filing with the SEC. Haverford Trust Company sold 13,500 shares as the company’s stock declined 4.18% with the market. The institutional investor held 1.46M shares of the prepackaged software company at the end of 2017Q4, valued at $69.10M, down from 1.47M at the end of the previous reported quarter. Haverford Trust Company who had been investing in Oracle Sys Corp for a number of months, seems to be less bullish one the $189.95B market cap company. The stock decreased 1.44% or $0.68 during the last trading session, reaching $46.53. About 7.30M shares traded. Oracle Corporation (NYSE:ORCL) has risen 1.20% since May 22, 2017 and is uptrending. It has underperformed by 10.35% the S&P500.

Investors sentiment increased to 1.27 in 2017 Q4. Its up 0.29, from 0.98 in 2017Q3. It is positive, as 17 investors sold WCC shares while 68 reduced holdings. 43 funds opened positions while 65 raised stakes. 46.81 million shares or 2.52% more from 45.65 million shares in 2017Q3 were reported. Public Employees Retirement Sys Of Ohio has invested 0.06% in WESCO International, Inc. (NYSE:WCC). Indexiq Advisors Ltd stated it has 0.05% of its portfolio in WESCO International, Inc. (NYSE:WCC). 209,654 were reported by State Common Retirement Fund. Moreover, Tudor Et Al has 0.01% invested in WESCO International, Inc. (NYSE:WCC). The Alabama-based Regions Fin has invested 0% in WESCO International, Inc. (NYSE:WCC). Stone Ridge Asset Mngmt Limited Co owns 26,691 shares for 0.12% of their portfolio. Landscape Capital Management Ltd holds 0.05% or 7,623 shares in its portfolio. Waratah Capital Advisors owns 0.29% invested in WESCO International, Inc. (NYSE:WCC) for 36,049 shares. Schwab Charles Investment Mngmt Inc reported 198,986 shares stake. Aperio Group Limited Liability Company holds 37,680 shares. Sg Americas Secs Ltd Liability Corporation reported 2,054 shares. Utah Retirement Sys stated it has 0.01% of its portfolio in WESCO International, Inc. (NYSE:WCC). Vulcan Value Prtnrs Limited invested in 479,860 shares or 0.27% of the stock. Moreover, Old Mutual Customised Solutions (Proprietary) Ltd has 0.01% invested in WESCO International, Inc. (NYSE:WCC) for 1,600 shares. Cornerstone Advsr reported 0% in WESCO International, Inc. (NYSE:WCC).

Since December 12, 2017, it had 0 insider buys, and 3 insider sales for $473,804 activity. The insider UTTER LYNN M sold $46,851.

Peconic Partners Llc, which manages about $661.53M and $695.82M US Long portfolio, upped its stake in Flexion Therapeutics Inc (NASDAQ:FLXN) by 548,248 shares to 648,248 shares, valued at $16.23M in 2017Q4, according to the filing. It also increased its holding in United Rentals Inc (NYSE:URI) by 124,508 shares in the quarter, for a total of 139,508 shares, and has risen its stake in Hi Crush Partners Lp (NYSE:HCLP).

Analysts await WESCO International, Inc. (NYSE:WCC) to report earnings on July, 26. They expect $1.22 EPS, up 19.61% or $0.20 from last year’s $1.02 per share. WCC’s profit will be $57.44M for 12.42 P/E if the $1.22 EPS becomes a reality. After $0.93 actual EPS reported by WESCO International, Inc. for the previous quarter, Wall Street now forecasts 31.18% EPS growth.

More news for WESCO International, Inc. (NYSE:WCC) were recently published by: Bizjournals.com, which released: “Six Pittsburgh-area companies on 2018’s Fortune 500 list” on May 21, 2018. Seekingalpha.com‘s article titled: “WESCO International (WCC) Q1 2018 Results – Earnings Call Transcript” and published on April 26, 2018 is yet another important article.

Among 20 analysts covering Wesco International Inc. (NYSE:WCC), 9 have Buy rating, 0 Sell and 11 Hold. Therefore 45% are positive. Wesco International Inc. had 71 analyst reports since July 24, 2015 according to SRatingsIntel. On Saturday, August 8 the stock rating was downgraded by TheStreet to “Buy”. The rating was maintained by Wells Fargo on Friday, October 27 with “Outperform”. The stock has “Hold” rating by Oppenheimer on Thursday, July 27. Robert W. Baird maintained it with “Hold” rating and $67.0 target in Friday, October 27 report. On Friday, October 23 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, January 29. As per Friday, January 29, the company rating was maintained by Oppenheimer. The stock has “Overweight” rating by Morgan Stanley on Monday, October 2. As per Thursday, August 31, the company rating was maintained by Robert W. Baird. The stock of WESCO International, Inc. (NYSE:WCC) has “Hold” rating given on Wednesday, December 13 by Credit Suisse.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on June, 20. They expect $0.86 earnings per share, up 4.88% or $0.04 from last year’s $0.82 per share. ORCL’s profit will be $3.51B for 13.53 P/E if the $0.86 EPS becomes a reality. After $0.75 actual earnings per share reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 14.67% EPS growth.

Among 43 analysts covering Oracle (NYSE:ORCL), 27 have Buy rating, 0 Sell and 16 Hold. Therefore 63% are positive. Oracle had 116 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, June 22. The firm has “Buy” rating given on Friday, December 15 by Raymond James. The rating was maintained by Wedbush with “Neutral” on Thursday, March 30. Stifel Nicolaus maintained the shares of ORCL in report on Friday, December 16 with “Buy” rating. On Friday, December 15 the stock rating was maintained by BMO Capital Markets with “Outperform”. The stock has “Outperform” rating by Macquarie Research on Tuesday, April 26. Rosenblatt maintained it with “Buy” rating and $5800 target in Thursday, June 22 report. The stock of Oracle Corporation (NYSE:ORCL) earned “Buy” rating by Stifel Nicolaus on Monday, July 24. UBS reinitiated Oracle Corporation (NYSE:ORCL) on Thursday, November 9 with “Buy” rating. The stock has “Buy” rating by BMO Capital Markets on Monday, October 2.

More recent Oracle Corporation (NYSE:ORCL) news were published by: Seekingalpha.com which released: “Oracle buys DataScience.com” on May 16, 2018. Also Fool.com published the news titled: “Better Buy: International Business Machines (IBM) vs. Oracle (ORCL)” on May 09, 2018. Seekingalpha.com‘s news article titled: “Oracle To Acquire DataScience For Workflow Technologies” with publication date: May 22, 2018 was also an interesting one.

Haverford Trust Company, which manages about $5.09 billion US Long portfolio, upped its stake in Magellan Midstream Partners (NYSE:MMP) by 4,475 shares to 22,870 shares, valued at $1.62M in 2017Q4, according to the filing. It also increased its holding in Powershares Taxable Municipal Bond Portfolio (BAB) by 19,727 shares in the quarter, for a total of 630,342 shares, and has risen its stake in Berkshire Hathaway Inc Del Cl B (BRKB).

Oracle Corporation (NYSE:ORCL) Institutional Positions Chart

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